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tv   MONEY With Melissa Francis  FOX Business  January 24, 2014 12:00am-1:01am EST

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>> i want to thank you very s s s s s s s s s s s s see yo. ♪ ♪ >> as an american i am here to say that we need to act. john: on dramatic weather is our fault? >> terrible tornadoes in oklahoma. >> we know that this is because of the burning of fossil fuels. john: but who wants to ask al gore about that? but where is he? whether he is right about global warming, you already paid. >> who will win this war?
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hn: that is our show tonight. and the logo. ♪ ♪ >> and now it is time for john stossel. john: i titled this program chill out because after i researched the global warming scare, that was my conclusion. we ought to just chill out. but our government isn't telling out. you now paid billions try to fix global warming and this year washington newspaper that covers climate says this will be the political battle for 2014. climate. big money is being spent to convince americans to spend more to try to stop global warming. in the moment we will hear from bill not a science guy who said that he is frantic about climate change. he will debate marker nano and first let me set the terms of the debate. people say they don't believe in global warming?
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but i do. i think it's a stupid question because what you mean when you say global warming? to me it is just four questions. global temperatures have risen but not lately so much and is it man-made and is it a crisis and if it is can we do anything about it? his answers to those questions are yes and yes. and for years he has told his viewers to beware of what we call global warming. >> globe is getting too warm. and it's something that we have to be careful of. and otherwise things could get weird. john: he joins us now with marker nano. mark, over to you first. why are you not scared? >> we are able to empirically look at their predictions that they made in the 80s and start
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to see them fail. out of 117 climate models, they showed 114 failed. and so the bottom line is the burden of proof is on them and they failed to make the case. >> in the year 1750 there were about a billion humans in the world. and now there are over 7 million people in the world that more than doubled in my lifetime. so all of these ople trying to live the way we live in the developed world is filling the atmosphere with a great deal more than what existed a couple centuries ago. it's the speed at which it is changing that it's going to be troublesome for so many large populations of humans around the world. you may hav heard of the hockey stick graph. this is where we compared the temperature of the world for the last 10,000 years with the temperature now.
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and so this is shootingp. and so this be that we will have difficulty dealing with. >> when you cherry pick the data for certain service temperatures, you end up with a small change is hardly noticeable. the scientific uncertainty plus or minus a few% is equivalent to doubt about the whole thing. this is perfectly analogous to the cigarette industry and cancer. because you can't prove any one thing. the whole thing is part of this. >> is a consumer reporter i have covered a thousand scares. plastic bottles, and power lines, mad cow disease.
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and always the example is there were doubters about this. that one example doesn't mean that the global warming scare is correct. >> the global warming scientists are the ones for filling a narrative. we have one of the lead scientists that took an endowment from barbra streisand. >> it's so insulting to imply. it is the height of arrogance when you look at the actual data. the global warming scientists with government grants have the full advantages of government money and foundation money and university money. there's not even any comparison. we've had scientists who have
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reversed themselves in this way. john: we have a lot of climate scientists. >> they're the ones that you point to and from the united nations. and they have justcome out and said themission is to make the case that co2 is driving global warming. what happened is that many u.n. scientists have now turned on. one swedish scientists said that we would not have even noticed if it wasn't for modern intimatiin. and that is absurd. that has been called statistical rubbish and hundreds of scientists and dozens of studies have shown the warming time that are warmer than current temperatures. >> if we can agree about this. there used to be a billion people a couple of centuries ago another 7 billion. >> we agree on that. and people are living better and
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fewer people are starving because of capitalism and industrialization. >> do we agree that there is more greenhouse gas. john: yes to we have had similar temperatures with 20 times the co2 level. john: climate changes and if you look over time we have a grasp we had the little ice age. >> you have really messed with the far right hand side of that. >> especially before they reinvented as. >> this. >> you agree that it's never happen this fast enact. >> actually we have had similar levels without mankind influence. and it comes down to hundreds of factors influencing us.
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another scientist is judith curry and she now says openly that you cannot control whether by reducing emissions. and that seems to be the entire premise. if we tweak mr. cap-and-trade we can also tweak the weather pattern. barbara boxer went on to the senate floor and implied a carbon tax would help to prevent future tornado outbreaks. it seems like every time that there is a new weather extreme somee says the cause was man-made global warming. in 90% of the country will face below normal temperatures tomorrow. this is a climate change, if it is a one, what is it? >> and what are your we have had the largest tornado ever recorded on earth and we have had the fastest hurricane ever recorded on earth. >> carbon could cause the planet to plunge.
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>> global warming is going to cost us the planet? >> it will be here but we will have to continually rebuild. the idea that the united states are developing world should limit their energy choices based on this is scientifically baseless. as i just mentioned the geological record bears out on the current weather bears it out. there's no more that you can go to. >> the oklahoma tornado was the biggest ever. >> yes, and they had better monitoring. >> i'm struck researching how there is constant media hysteria in the 1941 it was reported that world war ii caused weather extremes and in 1961 "the new york times" said that scientists
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agree the world is becoming colder. scientist are worried about a new ice age. now we worry about warming. shouldn't we be skeptical? >> i'm sure that people would say that science has advanced. well, it's always advanced. the point is this is a narrative of her day. and bill keeps going on about overpopulation and the problem is people recognize the big problem is the developing world gets more energy and it's going to level off. >> we disagree about the facts. >> but the problem is not just that there are more people in india and china but that they are using more energy than they ever used before. john: that's our problem, that's a good thing. would you de them that? >> jerry brown said they couldn't emulate the americans lifestyle. but who is he?
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how would tell people of color, 1.3 billion that they can't have what we have. who is bill knight to tell them that they can't have carbon-based energy? >> we don't want to have less. we want to do more with less. and this is where the innovations come in. and the emerging technologies come in. but embracing the technology is that produce extra carbon dioxide and greenhouse gases, at this point in human history is not in our best interest. john: i just want to play one more video example. the idea that politicians can fix the climate strikes me as arrogant. and i think we heard this sixers go from a president after he defeated hillary clinton. >> this is the moment when our planet began to heal. john: ill,, isn't this the conceit of the self-anointed
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politicians that they think they are going to fix the climate? >> by way ofexample when politicians claim that they are going to fix poholes in the street. when they say that they are going to time the traffic lights. it's a conceit when politicians say that they are going to clean up the water in chesapeake bay? those things have been done. we want those things are done in a has been doable. john: thank you both for coming on the show. we will keep this going on facebook or twitter if you use the hash tag. letting others know what you think. coming up next, the search for al gore. and also how politicians pretend to stop global warming by promising people free stuff. that's how i got this free golf cart. totally free, well, free for me. but you taxpayers pay for
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[ female announcer ] who are we? we are thinkers. the job jugglers. the up all-nhts. and the ones who turn ideas into action. we've made our passions our life's work. we strive for the moments where we can s, "i did it!" ♪ we are entrepreneurs who started it all... with a signature. legalzoom has helped start over 1 million businesses, turning dreamers into business owners. and we're here to help start yours. of the dusty basement at 06 35th street the old dining table at 25th and hoffman. ...and the little room above the strip mall f roble avenue. ♪ this magic momt it is the story of where every great idea begins. and of those o believed they had the power to do more. dell is honored to be part of some of the world'great stories. that began much the same w ours did. in a little dorm room -- 2713.
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♪ this magic moment ♪
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>> we invested in new american technologies to reverse our dependence on foreign oil and double our wind and solar power. today we generate more renewable energy than ever before.
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john: yes, we do. but it is still a tiny amount. windmills and solar power combined. less than 4% of the energy that we use. they only exist because they get billions in subidies. i think that these subsidies are a scam. but the president says that we have to do this to stop global warming and most environmental groups agree. robert is the president of the world watch institute. so you say that we need these subsidies? >> i think that there might be better ways of publishing what he is trying to do, but given the rough-and-tumble of politics and we can do the most direct thing, i'm not sure why to take off on green subsidies and they are there are so many other subsidies in the government. we would like to see fewer of them generally speaking. but that's not a reason to strip them when they exists in many other places in fossil fuels and nuclear energy and elsewhere. john: as a libertarian i agree. i secured get rid of all
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subsidies did they but they get noticed because they are so much bigger. >> they really aren't that big. john: i have a list. if you look at natural gas and oil and coal, less than a penny per megawatt hour. >> it's up to a thousand times more and it makes all the sense in the world. it is what subsidies are typically doing which is helping technologies because any new technology needs help to actually become profitable to gain a major volume. the real question you ought to be asking is why are their subsidies for coal and natural gas in the fossil fuels. >> i don't know, and i agree. let's get rid of all of them. [laughter] john: so the new areas, it has been 20 years at least, what is
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it no longer baby steps but i'm? >> as long as we don't tax carbon they will probably need some help. because they have a lot of advantages in the hope that it's not necessary for a hundred years or 10 years. but it's certainly a gd thing right now compared to the alternative that is available politically. john: what about the wasted money on a subsidies? abound solar when bankrupt. i got a free golf cart because of an electric car subsidy where there was so much of a tax credit that the cart was free. >> these are illustrative of absolutely nothing in particular. it is all this money going in the stimulus and the government was looking for a win-win situation and someone had the idea, and i don't think it's a terrible one. let's encourage golf carts and
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see if they can become a larger mode of transportation. >> is electric power so clean? >> well, not now at the moment, although it has become cleaner partly as a result of the greater use of natural gas. let me point out that the federal government heavily subsidizes the early development of hydraulic fracturing or tracking technology. and that is another example where the government invests in new technology. you and i are getting the benefits of that right now by having very cheap gas. john: government may have invested in the 60s and 70s but it wasn't until 30 years later that the industry on its own in spite of government created the wonderful natural gas boom that has lowered our greenhouse gas emissions. >> i think it's been in part because of these early investments.
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>> parts of europe, a lotf your biz in the way. they are encouraging this. >> the germany is now coming back. reducing allernative energy subsidies. and so this will be the central project of her next government. they tout it tried it in a summit of her poor people. >> i don't think it's the same project. i'm not sure. but be that as it may, yes, there is a trade-off of costs, which is a real issue and has to be faced. so it's higher just to buy a lot of these costs and there are political ramifications are not surprising. there is no question that from the standpoint of long-term fuel availability you want to have renewable energy. john: it's wonderful and cleaner when the market makes it work we will have it. but we have to wait until the technology happens. the free market will make that happen. government force makes it work.
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>> i don't think the free market necessarily make that happen. we've had tremendous improvements in pollution control. but it wasn't because industry on its own or the free market said wouldn't it be good if we spent a lot of money on scrubbers and smok that needed in a partnership with government. john: that is true. but as carbon dioxide louche and? >> of you think about its impacts on our long-term health and survivability, it is. john: thank you for being on the show. we disagree about that. up next, look at this. it's cold and filthy and pollutes the air. but our next guest loves this stuff and he will tell us why coming up next
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john: what is powering your tv set? where does the electricity come from? wind or solar power? not likely. american houses get their electricity from natural gas and nuclear power. 86% of our power comes from those three sources of energy as this provides a lie. now our governments have passed new rules that make it impossible to burn coal. senator barack obama made it very clear that that is what he would dof he were elected president. >> if someone wants to build a coal fire plant, they can. but it would bankrupt them because they're going to be charged a huge sum for all of that greenhouse gases being emitted. john: that is basically what has happened now. epa rules make it nearly impossible to maybe that is a good thing.
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burning this stuff does produce more than one third of america's greenhouse gases. natural gas emits much less and nuclear power gives off no co2. sisson scola so dirty, why not discourage it? bill says that the terrible idea. why is that? >> it's a terrible idea because we have the coal in the ground here in the united states and its plentiful. we have the best reserves in the world but a president in washington who is making it overseas to sell it. and i can tell you right now that europe, like you said is moving absolutely towards coal because of the great emerging market force. john: it will make the earth would greenhouse gases and global warming. >> we hear that a lot. even if you put the climate change discussion aside, you have to look at the fact that so many countries are moving towards coal and they are doing so rapidly.
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so that will create a lot more carbon. do whatever we do in the united states will be quickly nullified by what has going on overseas. i don't think the president has calculated that in his decisions. >> even if global warming is hysteria, this stuff -- and pollutes the air more than natural gas or wind power and so if we discourage it, it seems like it's a nice thing to do for people. >> we do have clean air right now. we are burning more and more coal and we are using more electricity at a time when the air is the cleanest it's ever been. and what is frustrating is that i can do we get zero credit for the progress that we've made. john: we have found amazing ways to cean this stuff before it leaves the smokestack. >> it seems that we are having laboratory-based technologies that the president's supporters think that we should use that have very negligible effects in the environment but will essentially knock us out of the
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marketplace which concerns us is a nationwide industry. john: it's not like you don't have any political or sport and transport. many have been critical of the president regulations. >> needs to take his foot off the neck of the energy producers. >> they are declaring war as well. >> so they just can't win? >> they are the minority and the democrat senator is a strong voice. the look of the initiatives there and they tend to die on senator harry reid's desk or by the presidents vto. the president of the most poweul man on the planet and he's targeted our industry. this more targeted o-this term he is far e targeted of the usage of coal. we are seeing a lots of market which is putting people out of work. john: it's not just the president. it's the sierra club. now dated 30 technology. >> yes, and that is what they
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say and say again. but they offer no solutions. %but they offer no solutions. your previous guest talk about renewable energy. but for every dig what of renewable energy you need a lot of fossil fuel to back it up. because the wind doesn't blow in the sun doesn't shine come you have to have this electricity. >> he is a lobbyist. let's talk to someone who gets his hands dirty. mark nelson, what has happened where you live? >> people are losing their jobs and cars are losing their homes and have taken a beating. >> maybe it's a good thing for people? black lung disease is a lot of harm. it can come to people like you. >> the technology has come a long way. the industry is a lot cleaner. our industry is safer than it used to be.
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they're not showing you the good things with the advancements th we have made. john: one of the other good things i noticed were you live, electricity is much cheaper than half the price of where i live. kentucky and west virginia versus new york. >> yes, we can produce a cheap and we can produce it safe. nobody has come up with the answer to say that we can do without coal. we have this technology. john: we have natural gas. >> we do have natural gas. the do you think the prices will stay down? no, they're going to go up. john: what they do more tracking? >> but how many gas wells can you drill? they are going to be in everyone's backyard. john: thank you for coming in. i hope that you and your friends keep your jobs. >> we thank you fo that.
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coal miners don't want handouts, which is one our jobs. that's what we want. >> thank you. coming up, the search for al gore continues. and i will jump into making a point.
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john:. >> the arctic is experiencing a meltdown if this goes worldwide this is what would happen in florida john: 20 feet? we might drown teeeighteen bluebead the inconvenient trees won him an oscar in nobel prize but it is nonsense. steve rise 20 feet maybe 3 feet but there are other
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problems i wanted to ask the former vice president and have a special greeting phone it just for him we gave him the phone number but he doesn't call and he hasn't effort to my knowledge fielded questions from skeptical reporters i wish he would because there is sold in the odd claims for example, the world's best scientists, but thousands are unanimous we must act. >> to 3,000 best scientists said the world from 113 countries had issued for unanimous reports say we have got to deal witht. >> have the reports of forbidden and of this? of a fed is a clip from a documentary from dates documentary called the incoistent truce with a sample of his appearance before congress. >> you must have listened to
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or teimony over the last few days of experts who have come in to give a completely different views giving people still believed the moon landing was staged id arizona. john: so the skeptics are idiots who think the blue band did was take? bid consisted truce was made by bill valentine. >> it is available on amazon .c. john: what bothers you is the hypocrisy civic he lives a life suffocating and he flies around a private jet and tells us we need to lower our car big footprint. john:ooking in his electric bill he was still using 10 or 15 times the electricity of the average household even after he turned to greet a and got
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some kind of certificate from the people that said he did a wonderful job. john: before that he was using 20 times he is a hypocrite. john: he went to a book citing but the camera was blocked that if we went to one of his hopes -- houses civic we just want him to to do it interview. >> he a house in virginia? vitter no. san francisco? >> no. he has several other houses. his wife may live in one since they split up but he has multiple houses. john: you have a section about that. >> ahold in virginia outside washington d.c., to properties in california, a
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condo overlooking san francisco bay of the ocean period want to see toe. then that house is a tendency in the far in his mansion in dash fill a of the house but he keeps on tennessee he calls it biosolar1. >> he has a card aimed carboy. how appropriate is that. john: they are one into thousand dollars limit that is for the little people. john: now americans say they are concerned but do they understand what they're talking about? >> yes i do is given to believe in global warming? >> yes. >> yes. >> yes. >>. >> why? >> why? because.
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>> i asked the hardest question. civic humans. everything that we do. john:, you probably pick to the silliest examples. >> no. this is what we got. their belief of callable warming is wide but the understanding is very shallow. it is the cool thing to do. but they need to know why. people need to do critical thinking. , but there is no consensus on global warming. john: but of the 3,000 scientists at the intergovernmental panel on climate change that the 3,000 concluded that they in it is a 95%. >> but it was not unanimous.
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john: but there were thousands involved with the baking of the rert. >> there were reviewers' we have some expert reviewers of the movie as well. what they do with the policy report is a cherry pick what they want to feed to the press then they leave the rest. hypothermic is money people make tons of ready because if you want to get the government grant a dead you get that. nobody cares about things that says the son is doing this that we found out. john: they will rob funds that. >> absolutely not. by the bay carr did they have shortened to this. carbon dioxide is harmless. john: they call that a pollutants state that is absurd we exhale that so they short and that to corvine like the lump of
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coal the people seek it is something awful or sister or dirty so now he has combined car dioxide or smog. john: it is what suppliants breeze as a baby die for food is the symbiotic relationship it is good for the planet. john: al gore please give us a call. the moral case.
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♪ john:-- protesters are upset over natural gas but it is relatively clean it has or the greenhouse gas emissions but some people still hate fracking and all fossil fuels it is immoral to begin monday platina cardigan the air but our guest from the center of industrial progress says the opposite is true. >> not own the is a natural-gas amazing but i admire the oil and coal industry because this is the
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on industry in the world that creates cheap energy of a global scale so they allow us to be comfortable in the studio with it is freezing outside arab for clean water heated to scientific research so that is why a i have the pydna says i love also fuels. >> then people come up to save what is wrong with you? >> i got into this because i went to all the best schools as a kid i'd never learned the value of energy they do have to appreciate the value i want people to be attracted. john: port people have better lives because of the fuels that americans now hate. >> even better if buyer of its we hear it destroys it badly live off the cleanest and safest planned in
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history we hear we have destroyed the climate but actually we are 50 times safer than we were eight years ago because we have the technology powered by fossil fuels. john: ian the wealth so we bird board an hour air is cleaner. >> right. what is the big picture? >> solar civic there is the imaginary alternative but in reality we would bird will lead with indoor pollution and cold now it is decentralized power the state against went and solar fairly decently performing the we just want the best and overwhelmingly it is fossil fuels. john: birdieing would is terrible. >> efficient in flood stage with the average global initiatives in in europe because of the via data is europe a abaco's back to barbarous. john: and europe was caught up in the division's the
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british governor paid for this work. >> with the weather was very strange indeed other parts there were terrible storms some places disappeared under the sea the children had to live with their horrible consequences the grown-ups decided they had to do something. >> it tells you how you can reduce your carded footprint. what is wrong with that? we back we talk about it to say it is noble to have less money per be vague this use it that more is better because it has the capacity to be productive it should never be the ideal that they make or clive bit more dangous but the story is the exact opposite of the propaganda fairy tale it is not taking is a cmate to make it dangerous but a
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dangerous climate to ma it safe if you contradict me try to live naturally in hardy with nature. i am 33. john we have come a long way. my personal battles with pollution and global warming here of the site of the empire state building millions of people are flashing a -- flushing but i am willing to do thi [ male announcer ] this is the story of the little room over the pizza place on chestnut street the modest first floor bedroom in tallinnestonia and the southbound bus barreli down i-95. ♪ this magic moment it is the story of where every great idea begins. and of those who believed they had thpower to do more. dell is honored to be part of some of the world's great stories. that began much the same way ours did in a little dorm room -- 2713. ♪ this magic moment ♪
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john: i am such a good said riding my bike to work but i will save the earth. what a dope he is. the earth will not notice if he rides his bike to work period yet somehow even though i know better i guess, the satisfaction. if feels green. it is tough to resist to do is see the bigger picture and the small boy did this affects both people love the day i laughed when i heard global war be activist were trapped in ice to make a passenger ship has been trapped in ice in antarctica the original tidies rescue vessel is stuck in the eyes. >> five of the irony but the fact there was more eyes of
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the one part of antarctica does not prove global warming is to fish but he does not prove anything either although some suggested it did. >> decades of pe review study off can be destroyed in one called we can't. john: jon stewart got that right but they don't get there is space good peer reviewed studies showing there is a crisis there are computer models to suggest that but they are not very good. aid even if the models were accurate they want us to ride a bike to work or pay more for the libel sore for electricity? it doesn't make any difference there earth wall care. america is a small part of the world.
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tried to build a new coal plant every week. whether to go global worry is the threat possibly with to do something about it we don't have it now but it is a sweetness. it is a government-funded and had. >> act of climate change. >> environmental activists say if we don't love their endless regulations we don't care about the ears. i say chill out we can love nature but hate the tyranny of the rule but we do need some rules. we d not open the windows in the past but now with the air pollution rule now with smokestack said catalytic
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converters the air got cleaner is great that towns have sewage treatment plants so the river around manhattan is clean enough that i could even swim here within sight of the empire state buildingith millions of people flushing. i am willing to do this. sometimes they find dead bodies but the water is clean death but for anti-pollution and regulation by carbon dioxide is the pollution they confuse people by comparing greenhouse gases but they're very different car dioxide may not turn out to be a problem at all. the world has real problems. of our country is deep in debt and fewer jobs are created we don't beat more mike richmond from the epa but thus.
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shell out about global for being then free people will create a better world. that is our show. that is our show. we will see you next week. hello! i'm dave gentry! welcome to small stocks and big money! [ intro music ] [intro music] [intro music] [intro music] welcome to redchip nation! i want to thank you for joining us today. you know, we are the only show on any major network that focuses exclusively on smaller cap stocks. our show is now airing on fox business in 80 million homes every week. on bloomberg, in europe at 139 million homes. and now also in asia on bloomberg

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